Ira Singh 
The Indian stock market closed Budget week’s opening session lower, extending its losing streak to two days as selling pressure spread across sectors on Monday. At close, the Sensex was down 824.29 points or 1.08 percent at 75,366.17 and Nifty was down 263.05 points or 1.14 percent at 22,829.15.
ICICI Bank, Britannia Industries, M&M, HUL and SBI were the top gainers on the Nifty while losers included HCL Technologies, Tech Mahindra, Wipro, Hindalco Industries, Shriram Finance.On the sectoral front all the sectoral indices ended in the red with Media index being down 4.7 percent. IT index shed 3.4 percent while oil & gas, metal, consumer durables, pharma and energy were down 2 percent each, according to information.BSE Midcap index fell 2.7 percent and smallcap index slipped 3.5 percent.
Rupee Close:
On 27 Jan'25,the Indian rupee depreciated 11 paise to close at 86.33 against the U.S. dollar on Monday, as strong dollar demand and a muted trend in domestic equities weighed on investors’ sentiments.
Forex traders reportedly stated the Indian rupee gained on Friday (January 24, 2025) but opened on a lower note on Monday (January 27, 2025) as ‘Trump Tariffs’ uncertainty gained, while sustained foreign fund outflows dented investor sentiments further.
“Moreover, the upcoming Union Budget will play a crucial role in shaping market sentiment and the rupee’s trajectory, as expectations are high for favourable measures aimed at rekindling foreign investments,” traders said.
Trading Guide:
Market experts have recommended five shares to buy-Avanti Feeds Ltd, Akzo Nobel India Limited, ICICI Bank Ltd, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and TVS Motor Company Ltd.
(Business Correspondent)
Related Posts
Russia agrees to hire 70,000 Indian skilled workers this year
Asian Games: Indian women end 44-year wait, clinch hockey gold
PM Modi speaks to wounded Indian pilot, praises his courage